BI Asset Management Fondsmaeglerselskab A S Has $575,000 Position in Conagra Brands, Inc. (NYSE:CAG)

BI Asset Management Fondsmaeglerselskab A S lowered its holdings in shares of Conagra Brands, Inc. (NYSE:CAG - Free Report) by 39.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,717 shares of the company's stock after selling 13,342 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Conagra Brands were worth $575,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Conagra Brands during the fourth quarter valued at about $28,000. Riverview Trust Co bought a new stake in shares of Conagra Brands during the 4th quarter worth about $29,000. Grove Bank & Trust raised its position in shares of Conagra Brands by 65.4% during the 4th quarter. Grove Bank & Trust now owns 1,131 shares of the company's stock worth $31,000 after buying an additional 447 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Conagra Brands in the 4th quarter worth approximately $41,000. Finally, Stonebridge Financial Group LLC bought a new position in shares of Conagra Brands in the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 83.75% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Morgan Stanley started coverage on Conagra Brands in a research report on Monday, March 24th. They issued an "equal weight" rating and a $27.00 target price for the company. Wells Fargo & Company cut their price objective on Conagra Brands from $28.00 to $27.00 and set an "equal weight" rating for the company in a report on Tuesday, February 18th. Stifel Nicolaus decreased their target price on Conagra Brands from $28.00 to $26.00 and set a "hold" rating for the company in a research note on Wednesday, February 19th. JPMorgan Chase & Co. dropped their price target on shares of Conagra Brands from $29.00 to $26.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. Finally, Barclays raised their price objective on shares of Conagra Brands from $27.00 to $29.00 and gave the company an "overweight" rating in a research report on Monday, April 7th. Nine research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Conagra Brands presently has an average rating of "Hold" and an average price target of $27.90.

Conagra Brands Trading Up 0.3 %

NYSE CAG traded up $0.07 on Tuesday, hitting $24.15. 1,521,986 shares of the company were exchanged, compared to its average volume of 5,120,336. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.22. Conagra Brands, Inc. has a twelve month low of $23.06 and a twelve month high of $33.24. The firm has a market capitalization of $11.53 billion, a P/E ratio of 23.67, a price-to-earnings-growth ratio of 1.76 and a beta of 0.27. The company's 50 day moving average price is $25.79 and its 200-day moving average price is $26.71.

Conagra Brands (NYSE:CAG - Get Free Report) last released its quarterly earnings results on Thursday, April 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.01). Conagra Brands had a net margin of 4.13% and a return on equity of 13.76%. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same quarter in the prior year, the firm earned $0.69 EPS. The firm's revenue was down 6.3% compared to the same quarter last year. Analysts predict that Conagra Brands, Inc. will post 2.35 earnings per share for the current fiscal year.

Conagra Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Monday, April 28th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, April 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.80%. Conagra Brands's dividend payout ratio is 205.88%.

Conagra Brands Profile

Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels.